Analyzing BTC Digital (NASDAQ:BTCT) and Bitdeer Technologies Group (NASDAQ:BTDR)

BTC Digital (NASDAQ:BTCT) and Bitdeer Technologies Group (NASDAQ:BTDR) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their valuation, institutional ownership, earnings, profitability, risk, analyst recommendations and dividends.

Profitability

This table compares BTC Digital and Bitdeer Technologies Group’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
BTC Digital	N/A	N/A	N/A
Bitdeer Technologies Group	-15.37%	-7.34%	-3.74%

Analyst Ratings

This is a breakdown of recent recommendations and price targets for BTC Digital and Bitdeer Technologies Group, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
BTC Digital	0	0	0	0	N/A
Bitdeer Technologies Group	0	0	7	0	3.00

Bitdeer Technologies Group has a consensus target price of $13.64, indicating a potential upside of 110.54%. Given Bitdeer Technologies Group’s higher possible upside, analysts clearly believe Bitdeer Technologies Group is more favorable than BTC Digital.

Earnings & Valuation

This table compares BTC Digital and Bitdeer Technologies Group’s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
BTC Digital	$11.83 million	0.47	-$2.82 million	N/A	N/A
Bitdeer Technologies Group	$368.55 million	1.97	-$56.66 million	($0.42)	-15.43

BTC Digital has higher earnings, but lower revenue than Bitdeer Technologies Group.

Institutional and Insider Ownership

7.3% of BTC Digital shares are owned by institutional investors. Comparatively, 22.3% of Bitdeer Technologies Group shares are owned by institutional investors. 6.8% of BTC Digital shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Volatility and Risk

BTC Digital has a beta of -0.15, suggesting that its share price is 115% less volatile than the S&P 500. Comparatively, Bitdeer Technologies Group has a beta of 1.7, suggesting that its share price is 70% more volatile than the S&P 500.

Summary

Bitdeer Technologies Group beats BTC Digital on 6 of the 11 factors compared between the two stocks.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for the cryptocurrency mining community. It mines cryptocurrencies for its own account and serve the cryptocurrency mining community by providing cryptocurrency mining solution. The company handles various processes involved in mining, such as miner procurement, transport logistics, mining datacenter design and construction, mining machine management, and daily operations. It has mining datacenters deployed in the United States and Norway. The company is headquartered in Singapore.